Golden Textiles is trading at 25.04 as of the 12th of December 2024. This is a 0.24 percent up since the beginning of the trading day. The stock's lowest day price was 24.81. Golden Textiles has hardly any chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. The performance scores are derived for the period starting the 12th of November 2024 and ending today, the 12th of December 2024. Click here to learn more.
Although Golden Textiles' alpha and beta are two of the key measurements used to evaluate Golden Textiles' performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Golden Textiles stock to make a market-neutral strategy. Peer analysis of Golden Textiles could also be used in its relative valuation, which is a method of valuing Golden Textiles by comparing valuation metrics with similar companies.